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Attacks on ships in the Strait of Hormuz sparked a new cycle of retaliation that could throttle the flow of energy from the region.
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;Resize=(620)) The price for a barrel of Brent crude oil, the international standard, rose to about $79 US on Wednesday following the resumption of strikes in the Middle East. Major U.S. indexes also followed global markets on a downward trajectory.
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Crude oil prices jumped and stock prices fell after President Trump declared an end to the ceasefire with Iran, adding fresh uncertainty to an already shaky outlook for the global economy.
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